I’m part of Citi’s Semiconductor’s team. Today we have from Rambus, Ron Black, CEO; and Satish Rishi, CFO, will be doing a presentation for us today.

Ron Black

This is good. You can hear? Thank you for coming and there is no cross phones, I guess so, at least you’re listening to me. We can skip the, oh, it’s a little hard to see off the top of it. But these are the topics. I wanted to cover just a few things.

First the company, there is another organization that we put in place. I joined the company about two months ago and I’ve gone through the normal. Let’s do a deep dive on all of the businesses and make the requisite changes. But we also announced a restructuring which is really an eye towards reducing some of the G&A expenses and I’ll give you some background behind that.

And then, a little bit more about the strategy, which is largely the same as the company was embarking on before, but I have a bit of a spin on it as it’s contained within these slides and I think, it will be interesting.

I’ll touch on some of the differentiators in the three key businesses we have and then we’ll, couple on the financials, which I’ll breeze by because the historical and there is no new news but to make a few points.